China Railway bags 11 orders

Benefiting from the country's massive push to build railroads under its 4-trillion-yuan stimulus package, China Railway Group said yesterday that it has won 11 construction contracts worth a total of 22.65 billion yuan through its various subsidiaries.

The country's biggest railway and highway builder said the value of the contracts amounted to 12.55 percent of its 2007 revenue.

Two of its subsidiaries won contracts to build a railway within Southeast China's Yunnan province, which is valued at 4.63 billion yuan, the single biggest order among the 11 contracts, the railway builder said.